this is gps , the global public square. welcome to all of you in the its and around the world. i m fareed zakaria coming to you from new york. today the on the program, we ll bring you the latest on the suspected chinese spy balloon. then, we ll move to the economy. but for a change, it might not be bad news. we have some very good news about the american economy. the imf global outlook is less gloomy than it was a few months ago. and then the fed said it wasn t ready to declare victory on inflation, but it is cooling. i will ask larry summers if he agrees. also, crimea, many powerful people have suggested ukraine should be prepared to officially cede the peninsula to russia as part of peace negotiations. but i ll talk to general ben hodges who said no, kyiv can and should take crimea back. but, here is my take. this week mark theed third anniversary of brexit and it coincided with a grim verdict from the imf. this year the british economy will do worse than al
always so interesting to talk to you, phil. thank you so much. thank you. see you. next on gps , america s unemployment rate has been this low since 1969, the year of woodstock an the moon landing. what do we make of that? former treasury secretary larry summers will help us understand the big picture of the u.s. economy in a moment. okay everyone, our mission is complete balanced nutrition. together we support immune function. supply fuel l for immune cells and sustain tissue health. ensure with twtwenty-five vitamins and minerals, and ensure complete with thirty grams of protein. (vo) in the next minute, 250 couples will discover. they re gonna need more space. yep. t house. (man) we gotta sell itwe gotta stage it (stager) excuse me (man) fix it up (repair man) they don t pre-rinse (man) strangers touching everything